NewEdge Wealth LLC Sells 3,327 Shares of BancFirst Co. (NASDAQ:BANF)

NewEdge Wealth LLC decreased its position in shares of BancFirst Co. (NASDAQ:BANF) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,543 shares of the bank’s stock after selling 3,327 shares during the quarter. NewEdge Wealth LLC’s holdings in BancFirst were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after acquiring an additional 99 shares in the last quarter. KBC Group NV boosted its position in shares of BancFirst by 85.6% during the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after buying an additional 536 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of BancFirst by 83.5% during the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock valued at $154,000 after buying an additional 666 shares during the last quarter. Retirement Investment Advisors Inc. purchased a new position in shares of BancFirst during the third quarter valued at approximately $200,000. Finally, Kolinsky Wealth Management LLC purchased a new position in shares of BancFirst during the third quarter valued at approximately $210,000. Institutional investors own 51.72% of the company’s stock.

Insiders Place Their Bets

In other BancFirst news, EVP Dennis L. Brand sold 4,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $723,480. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,000 shares of company stock valued at $3,500,350. Insiders own 33.89% of the company’s stock.

BancFirst Stock Up 2.2 %

BANF stock opened at $119.36 on Friday. The stock’s fifty day simple moving average is $118.50 and its two-hundred day simple moving average is $114.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. The stock has a market cap of $3.95 billion, a P/E ratio of 18.53 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Analysts expect that BancFirst Co. will post 6.52 EPS for the current year.

Analysts Set New Price Targets

BANF has been the topic of several analyst reports. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

BancFirst Profile

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.